Annoyed that I have tried to grow myself and looking to expand because honestly CDA work is mundane and monkey work. How do you get a new position. I get the you didn’t get selected email but no feedback. Terrible.
First Republic offered super low rates for their clients caused collapse
https://www.businessinsider.com/why-first-republic-bank-in-trouble-mortgages-backfired-rising-rates-2023-4 People lost their jobs and couldn’t get deals because competitors like these sc-mbags took out deals and now our jobs
JPM buys up 1st Republic Assets
https://seekingalpha.com/article/4598591-first-republic-bank-jpmorgan-comes-to-rescue
Employee Survey
HLA here, hoping everyone does the employee survey honestly this year! From my point of view, they are just letting us make minimum wage while going we quit in order to not pay us severance or unemployment. They helped us when covid started, but... — read more
RIF
Any orgs hear about the RIF happening today?
top executives facilitated his exploitation of young girls
We've made top WSJ article. JPM was actively aiding and abetting in Epstein's crimes, the news is out it can't be hidden now. Add this to the repeated admitted offenses in money laundering, Bernie Madoff work we've done, and the other dozens of... — read more
LOA mortgage
I’m as burnt out as burnt out gets here. Home lending advisor in CEntealized. Very tenured and good performer. This job has been a roller coaster, and I have thrived, survived, and despised all the while. Lately it seems their out to manage/preform... — read more
Friday 8/4/23- Pay Ratio Disclosure Day observed
SEC.govhttps://www.sec.gov › press-releaseSEC Adopts Rule for Pay Ratio Disclosure Friday 8/4/23- Pay Ratio Disclosure Day observed. On 8/5/2015, the SEC Adopted Rules For Pay Ratio Disclosure. All employees of companies with a CEO pay ratio greater... — read more
Warren and her Corrupt CFPB are leaking Consumers' Data
She needs to be thrown in jail and all their net worth clawed back to taxpayers WASHINGTON—A Consumer Financial Protection Bureau employee forwarded to a personal email account confidential information on thousands of consumers and dozens of... — read more
Go back to the office. You need the exercise.
How much weight has everyone gained sitting at home? Perhaps more then you would have liked. At least if you go to the office, you get some exercise which is good for your health. Think of putting in that extra few hours in the morning to get to work... — read more
How to increase profitablility
I would work one more hour per as long as I do not have to commute to the office. If everyone else did that...
Non-tech managers making technology decisons
It is sad to see managers without technical background making technology decision without listening to the the technical staff. When asked to explain the decision made, the manager declined to provide explanation. Most likely, the manager was told to... — read more
Business Insider: Jamie Dimon wants the government to fight inequality and 'reignite the American dream
https://www.businessinsider.com/jpmorgan-jamie-dimon-elon-musk-warren-buffett-inequality-american-dream-2023-4 I mean, one thing comes to mind that might help to "reignite the American dream" is to ... Stop laying-off workers to fund CEOs' lavish... — read more
RIFS
They are doing ANYTHING and EVERYTHING to get people out of there and not pay severance. Change my mind!
Q1 profits jump 52%
Has anyone been surprised by these quarterly results? https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/1st-quarter/be0fc3a0-c499-4af9-933c-6e7f75025097.pdf
JD wasn’t kidding about his hatred of remote work
Soo is he bluffing again? Or do you think he really means it this time? I'm betting it's just another bluff / scare tactic. I'll be damned If I'm going back to the office 5-days a week again. No... — read more
What’s it like working at Chase mortgage?
Good opportunity or no? Comp plan is pretty low (basis points). Good money to be had there? Can you do high production? Or is mostly chasing down branch leads like a quasi call center job?
Rumours of Layoffs
Any inside intel on next round?
Cutting Costs
Why do managers say cutting costs in their department and don’t do Layoffs instead ask employees to look for jobs why?
Severance Negotiation
Has anyone negotiated more severance payout? If so, how?
Grass isn’t necessarily greener
Be careful when deciding to leave. That's all I'm going to say.
Layoffs March and April 2023
Below someone said they were letting employees go on Friday. Was that in mortgages? Is Cleveland, Ohio and Tempe, AZ the only mortgage/call centers still open?
Yet another fintech aquisition
JPMorgan Chase has agreed to buy Aumni, a Salt Lake City-based investment analytics fintech, the bank announced Wednesday. The deal, which is expected to close by June, marks the latest fintech purchase for the $3.7 trillion-asset bank, which is... — read more
Layoffs
JP Morgan started laying off people today again.
This is a weird place where people do what they want.
Bo-m boxes with gospel music/ People constantly taking days off without preapproval while some never go on vacation. Non-English spoken even though the department is in the US and everyone speaks English, at least that is when they need to gripe!... — read more
Looking for something new?
Please don't come to WF. Sincerely, All WF employees except Charlie and his cronies
Any luck finding new jobs??
Anyone having luck finding other jobs since let go?? The market is bare for everything even outside of mortgage. Probably sent 100 applications with absolutely no calls for interviews
Why woke ‘Frisco Fed chief missed Silicon Valley Bank’s warning signs
https://nypost.com/2023/03/17/why-woke-frisco-fed-chief-missed-silicon-valley-banks-warning-signs/ This is a great article.
Attrition for Tech, not layoffs
Here is how Bank of America plans to reduce employee levels - https://www.cnbc.com/2022/12/06/bank-of-america-ceo-brian-moynihan-on-how-he-plans-to-trim-its-workforce.html The same concept is applicable to JP Morgan Chase Tech. Employees who are the... — read more
Academic study flags 186 banks vulnerable to a run like Silicon Valley Bank
A new academic study on 2023 bank fragility concludes that 186 U.S. banks remain vulnerable to a run on deposits that doomed Silicon Valley Bank, Signature Bank and Silvergate bank in the past week. The paper by four professors concludes that the... — read more
CNBC: JPMorgan CEO Jamie Dimon ‘knew in 2008’ that Epstein was a s-x trafficker
https://www.cnbc.com/2023/03/17/jpmorgan-ceo-jamie-dimon-aware-of-jeffrey-epstein-trafficking.html I was wondering why the JPM lawyers were going nuts, they knew this was going to come to light. Game over for this place.
Peter Thiel, Elon Musk should be charged criminally for kicking off a bank run
It’s clear as rates have risen and the tide was going out their garbage business models would start falling apart. They have posted dozens of times on twitter about how the fed needs to lower rates to save tech trash and crypto. These clowns told... — read more
Game Over?
https://voidnetwork.gr/wp-content/uploads/2016/09/Does-capitalism-have-a-future-a-book-review.pdf
More layoffs in June
I heard a rumor the at the next layoffs would be in June. Has anybody else heard something similar? I'm mainly asking because if this is true, that means we're safe for the next few months and I can stop stressing 24/7 over cuts. And yes, I know... — read more
SVB collapse = huge win for big banks.
https://watcher.guru/news/jpmorgan-citigroup-overwhelmed-with-requests-after-svb-collapse The collapse of Silicon Valley Bank (SVB) has resulted in what many executives are calling, the most significant movement of deposits in a decade.
JPM back stopping FRC!
Jamie once again jumping the g-n, prep for heavy losses.. fking ta-d
Is SVB just the beginning?
Any blowback from Silicon Valley Bank?
Anyone have dates for the next cut?
Asking for a friend (wink wink)